Bitcoin drops below $100K for first time since June amid rate cut doubts and market sell-off.

Bitcoin fell below $100,000 for the first time since June 2025, dropping to $99,939 amid a broader market sell-off driven by reduced expectations for Federal Reserve rate cuts, rising U.S. dollar strength, and investor caution over AI-driven tech valuations. The decline followed a 20.9% drop from its October 6 peak of $126,272, triggered by profit-taking, liquidations, and a $100 million DeFi hack that worsened sentiment. Ethereum also fell below $3,600. Market volatility surged, with trading volume and outflows from crypto ETFs rising, while technical indicators signaled bearish momentum. Despite the drop, long-term fundamentals remain intact, with analysts viewing the correction as temporary, pending stronger inflation data and potential Fed easing later in November.